S 2106
118th Congress
Senate
Taxation
Shelter Act
Introduced: June 22, 2023
Introduced by:
Bennet, Michael F.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2023
Read twice and referred to the Committee on Finance.
Jun 22, 2023
Introduced in Senate
Plain-English summary
Shelter Act
This bill allows individual and business taxpayers a new tax credit for 25% of qualified disaster mitigation expenditures. The credit is limited to $2,500 and $5,000 for individual taxpayers and business taxpayers respectively.
The bill defines qualified disaster mitigation expenditures to include expenditures to modify or improve a dwelling unit located in an area in which a federal natural disaster declaration has been made within the preceding five-year period.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1